FIKFX vs. ^GSPC
Compare and contrast key facts about Fidelity Freedom Index Income Fund Investor Class (FIKFX) and S&P 500 (^GSPC).
FIKFX is managed by Fidelity. It was launched on Oct 2, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIKFX or ^GSPC.
Correlation
The correlation between FIKFX and ^GSPC is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FIKFX vs. ^GSPC - Performance Comparison
Key characteristics
FIKFX:
1.36
^GSPC:
0.52
FIKFX:
1.99
^GSPC:
0.77
FIKFX:
1.24
^GSPC:
1.10
FIKFX:
1.04
^GSPC:
0.71
FIKFX:
5.88
^GSPC:
2.33
FIKFX:
0.97%
^GSPC:
3.09%
FIKFX:
4.17%
^GSPC:
13.96%
FIKFX:
-15.37%
^GSPC:
-56.78%
FIKFX:
-0.42%
^GSPC:
-8.32%
Returns By Period
In the year-to-date period, FIKFX achieves a 2.08% return, which is significantly higher than ^GSPC's -4.23% return. Over the past 10 years, FIKFX has underperformed ^GSPC with an annualized return of 2.38%, while ^GSPC has yielded a comparatively higher 10.57% annualized return.
FIKFX
2.08%
-0.42%
0.16%
6.23%
2.98%
2.38%
^GSPC
-4.23%
-5.40%
-1.33%
7.42%
17.47%
10.57%
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Risk-Adjusted Performance
FIKFX vs. ^GSPC — Risk-Adjusted Performance Rank
FIKFX
^GSPC
FIKFX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index Income Fund Investor Class (FIKFX) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Drawdowns
FIKFX vs. ^GSPC - Drawdown Comparison
The maximum FIKFX drawdown since its inception was -15.37%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for FIKFX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
FIKFX vs. ^GSPC - Volatility Comparison
The current volatility for Fidelity Freedom Index Income Fund Investor Class (FIKFX) is 0.82%, while S&P 500 (^GSPC) has a volatility of 5.79%. This indicates that FIKFX experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.